05 March 2010 at 7:22 GMT
• Key risk today is the NFP and Unemployment Rate in the US. We warn our clients that both measures could show very large surprises today (due to the weather conditions and record changes in the US Labor Market Participation Rate in February).
• Both the CHF and the JPY are weakening slightly and credit spreads are continuing to narrow, but we are cautious today due to the data releases. Watch out for a break of 1.4618 low in EURCHF.
You can read the full Daily Trading Stance here.